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Inox Neo Energies Secures 50 MW in Wind Power Auction

Inox Neo Energies said it has secured 50 MW in its first-ever wind power project auction. The company had participated in the Gujarat Urja Vikas Nigam Limited (GUVNL) Wind Phase-IX auction, aimed at developing 250 MW of grid-connected wind power projects across Gujarat, a company statement said.

Inox Neo Energies Ltd is a subsidiary of Inox Clean Energy Ltd and the renewable energy Independent Power Producer arm of the INOXGFL Group.

Inox Neo Energies Ltd was awarded 50 MW out of its quoted 100 MW at a discovered tariff of Rs 3.66/kWh.

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